If you haven't realized yet that the economy is tanking, you're probably not very smart or in tune with current events. It really is and it's effects have already started permeating everyday life for some people. Our neighborhood in Berkeley, on the edge of Oakland started suffering from more thefts and crime this summer in restaurants and bars along College Avenue, perhaps a symptom of job loss and fear for what lays ahead in the coming months. I had my purse stolen the just a couple of nights ago and the only charge that got through before it was canceled was at a gas station, where of course it's ridiculously expensive to fill up a tank these days. By the way, I think it's pretty much common knowledge that driving is out, so trade in your SUVs and even Priuses people, because bikes are sexy and the bus still isn't, but it's getting there.
Ebay just layed off 10% of its workforce, retailers didn't see the numbers they were hoping for in September and pretty much no one can get credit now. I've heard rumors on the business school front that application rates will be out the roof this year as people turn to education as a way to avoid the hyper-competetitive job market. What rumors are you hearing or has it actually affected you?
